American Bitcoin Expands Treasury

American Bitcoin, a Nasdaq-listed mining firm with ties to Eric Trump and Donald Trump Jr., has increased its holdings to 4,000 BTC, valued at approximately $415 million. According to a company announcement, the firm recently acquired nearly 170 BTC between October 24 and November 5, a purchase worth over $14 million at current prices.

Eric Trump, the company’s co-founder and Chief Strategy Officer, stated that the firm is growing its Bitcoin reserves through a combination of scaled mining operations and direct market buys. This accumulation reportedly places American Bitcoin among the top 25 corporate Bitcoin holders. For perspective, Michael Saylor’s company, Strategy (formerly MicroStrategy), remains the largest corporate holder with over 641,000 BTC on its balance sheet, worth around $66 billion.

A Wider Crypto Portfolio

Beyond direct Bitcoin accumulation, members of the Trump family have reportedly seen significant gains from a range of other crypto projects over the past year. Reports suggest these ventures have generated roughly $1 billion in pre-tax profits, including an estimated $427 million from memecoins like TRUMP and MELANIA and another $550 million from the WLFI token.

These projects have also attracted notable outside investors. Chinese entrepreneur Justin Sun is reported to have invested $75 million in WLFI, while Abu Dhabi’s MGX fund allegedly provided $2 billion to Binance via the USD1 stablecoin. In a separate filing, Trump Media and Technology Group disclosed holdings of more than 11,500 BTC, valued at over $1.3 billion, despite the company reporting significant operating losses. This concentration of crypto across multiple affiliated businesses suggests a deliberate strategy to use Bitcoin as a core reserve asset.

Mining Sector Faces Post-Halving Pressure

American Bitcoin’s expansion comes as the broader mining industry grapples with tighter economics following the 2024 Bitcoin halving. The event cut block rewards in half, from 6.25 BTC to 3.125 BTC, squeezing profit margins for many operators. This has forced some miners to explore alternative revenue streams, such as providing AI-focused computing services. American Bitcoin’s model, which combines mining with treasury accumulation, provides a different approach in a challenging market.

At the time of reporting, Bitcoin was trading at $102,175, showing a slight 0.3% increase over the previous 24 hours.